2011 SZL to VEF Historical Review

YEARLY HIGH

0.6544 VEF

YEARLY LOW

0.5032 VEF

YEARLY AVERAGE

0.5964 VEF

2011 SZL to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the SZL to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 0.6544. Conversely, the yearly low was recorded on November 23, dropping to 0.5032.

This high-to-low spread represents a total annual volatility of 0.1512 VEF. From a start-to-finish perspective, comparing the January average rate of 0.6220 to the December average rate of 0.5248, the exchange rate registered a net change of -15.62% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.6544 was up 0.45% compared to the 2010 peak of 0.6514, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 SZL based on timing:

Yearly Peak High 3,272 VEF

2010 Average 2,899 VEF

Yearly Trough Low 2,516 VEF

Transaction Impact: A difference of 755.78 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.6496

0.5135

JanuMarcMayJulySeptNove

SZL to VEF Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.6235, compared to 0.5694 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0541 points.

H1 Avg (Jan–Jun) 0.6235

H2 Avg (Jul–Dec) 0.5694

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0719 VEF (High: 0.6141 / Low: 0.5422). On the other end, June was the most stable month, with a tight range of 0.0147 VEF (High: 0.6398 / Low: 0.6250).

September Spread (Volatile) ±0.0719

June Spread (Stable) ±0.0147

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0356 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0356

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 0.6285) against the same month in 2010 (average: 0.5633), the exchange rate shifted by +0.0653 (+11.58%).

2011 Avg (May) 0.6285

2010 Avg (May) 0.5633

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6514	0.5988	0.6220
February	0.6159	0.5893	0.5982
March	0.6290	0.6062	0.6205
April	0.6533	0.6267	0.6383
May	0.6544	0.6125	0.6285
June	0.6398	0.6250	0.6332
July	0.6410	0.6192	0.6332
August	0.6431	0.5917	0.6071
September	0.6141	0.5422	0.5792
October	0.5548	0.5307	0.5437
November	0.5455	0.5032	0.5281
December	0.5355	0.5109	0.5248